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☆ Trial Opens for Igor Danchenko, Key Source of Discredited Steele Dossier
  + stars: | 2022-10-12 | by ( Aruna Viswanatha | ) www.wsj.com   time to read: +1 min
Igor Danchenko, who is charged with five counts of making false statements to the FBI, arrived at the courthouse for his trial in Alexandria, Va., on Tuesday. ALEXANDRIA, Va.—Prosecutors revisited the tumultuous 2016 presidential campaign as they opened their case against Igor Danchenko, saying the analyst who had served as a central source for a dossier of opposition research material about then-candidate Donald Trump and his alleged ties to Russia repeatedly lied to the FBI at a crucial moment in an unprecedented inquiry. “This is a false-statements case, about lies that the FBI relied on in a historic investigation,” assistant special counsel Michael Keilty told jurors on Tuesday, describing how the Federal Bureau of Investigation raced to determine the validity of the dossier’s allegations that the Trump campaign was coordinating with the Russian government to influence the presidential election.
☆ Holiday bargains will dent retail profits. How investors can avoid taking a beating
  + stars: | 2022-10-12 | by ( Samantha Subin | ) www.cnbc.com   time to read: +11 min
Stifel's research found that consumers plan to spend 9% more this holiday season over 2021. Roughly three-quarters of respondents to a PwC holiday poll indicated they plan to spend the same or more this holiday season. Rather than marking down inventory, companies should hold on to it for the next year if their balance sheets can withstand it, said Siegel. Across the board, many flagship retail stores heavily focused on apparel and footwear like Kohl's and Macy's may struggle to lure customers intent on saving money on discretionary purchases. He points to names heavily focused on electronics and home goods purchased by consumers during the pandemic as one of the weaker areas this holiday season.
☆ Best Buy, Lyft, and Adobe are hiring more execs from marginalized backgrounds thanks in part to this woman
  + stars: | 2022-10-11 | by ( Marguerite Ward | ) www.businessinsider.com   time to read: +7 min
To date, nearly 600 companies including Ralph Lauren, Lyft, Best Buy, Adobe, Oracle, and Cisco have signed on. Josh James, the CEO of cloud-software company Domo, is a cofounder of Parity.org and a signatory of Parity.org's gender pledge in 2017 and its race pledge in 2020. Signing the Parity.org gender and race pledges does not hold CEOs accountable to a specific goal or target date. "Imposing a one-size-fits-all deadline or quota would just lead to failure on the part of many companies," Stickney said. Now, the nonprofit is expanding to conduct pay-equity analyses based on race, gender, and age.
☆ Michael Khouw's warning: Speculative assets heading much lower
  + stars: | 2022-10-10 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMichael Khouw's warning: Speculative assets heading much lowerOptimize Advisors' Michael Khouw joins Melissa Lee and the Fast Money traders on 'Options Action' to discuss bearish bets on Ark Innovation, declining performance of bitcoin, and Cathie Wood's request letter to the Fed.
☆ Putin’s War in Ukraine May Destroy Russia
  + stars: | 2022-10-08 | by ( Michael Khodarkovsky | ) www.wsj.com   time to read: 1 min
The Western media for decades has hailed Vladimir Putin as a great strategist. But if the past eight months have proved one thing, it’s that this strategic wizard often achieves the opposite of his intentions. Mr. Putin has promised many things, including to make Russia an attractive place to live by 2020. Russia’s economy remains largely dependent on oil and gas—and gross domestic product per capita income has fallen nearly 60% since 2013. Government efforts to slow demographic decline have failed, and the Kremlin’s military mobilization for its war in Ukraine has pushed more than 300,000 Russians to flee the country.
☆ ‘Super Mario Bros. Movie’ teaser trailer shows first look at Chris Pratt as Mario
  + stars: | 2022-10-06 | by ( Dan Heching | ) edition.cnn.com   time to read: +1 min
CNN —Video game purists expecting a faithful adaptation of the original Nintendo game might be somewhat surprised by first teaser for the new “Super Mario Bros. Movie,” which debuted on Thursday. This is also when the game’s memorable music is finally heard, albeit briefly. The CGI-animated film, from Nintendo and Illumination, features several other big name stars, including Charlie Day as Mario’s brother Luigi, Anya Taylor-Joy as Princess Peach, Keegan-Michael Key as Toad and Seth Rogen as Donkey Kong. The last time the iconic video game was translated into a feature-length studio film was almost 30 years ago, with the ill-begotten 1993 release of the live-action “Super Mario Bros.,” starring Bob Hoskins and John Leguizamo. The new movie is due to hit theaters on April 7, 2023.
☆ New & Notable: Latest releases from Our Place and Breville
  + stars: | 2022-10-01 | by ( Christina Colizza | Christina Colizza Is An Editor For Select On Nbc News. | ) www.nbcnews.com   time to read: +7 min
This story is part of Select's New & Notable column, where we highlight our favorite product launches, major sales, what we're buying and some of our latest recommendations and advice. New this weekOur Place, the creator of the much-loved Always Pan, is expanding its kitchenware offerings to include a new ceramic tableware set. If you’re a small-apartment dweller, or just a tiny-kitchen owner, Caraway’s new mini cookware set could be for you. Christina ColizzaI didn’t technically buy the Ooni Koda pizza oven for myself, but I plan to benefit from it. But they have been a godsend: [The lids] click into place so easily, and a single lemon lasts me weeks now.
☆ Thousands of Czechs protest government's handling of energy crisis
  + stars: | 2022-09-28 | by ( ) www.reuters.com   time to read: +2 min
Demonstrators take part in an anti-government protest rally in reaction to the energy crisis and soaring prices in Prague, Czech Republic, September 28, 2022. REUTERS/David W CernyPRAGUE, Sept 28 (Reuters) - Thousands of Czechs protested in Prague on Wednesday against the government's handling of soaring energy prices which have cut into pocketbooks as winter approaches. The organising group "Czech Republic First!" Register now for FREE unlimited access to Reuters.com RegisterThe Czech Republic is a member of both the EU and NATO. High energy prices, fuelled by the war in Ukraine, have piled pressure on governments across Europe to cushion the blow of mounting energy costs for consumers and businesses.
☆ 'We are not afraid': Russians flee to Mongolia to evade Ukraine mobilisation
  + stars: | 2022-09-27 | by ( Michael Kohn | ) www.reuters.com   time to read: +3 min
"My country has started partial mobilisation and I think it is negatively affecting society," said one. The guesthouse has filled up with Russians since Putin's mobilisation order, and Bat-Tur said he has already turned away dozens of requests for beds. One newly-arrived guest, who identified himself as Aleksey, said he crossed into Mongolia last weekend, leaving behind his wife and three children. "We are not afraid, but why do we have to fight in Ukraine, why?” he asked. Almost entirely dependent on Russian oil and gas, landlocked Mongolia also stands to gain from a gas pipeline that Russia plans to build across its territory to supply China.
☆ Goldman Sachs' bankers get their marching orders as Wall Street starts to purge under-performers
  + stars: | 2022-09-26 | by ( Aaron Weinman | ) www.businessinsider.com   time to read: +5 min
The cuts come after Goldman's investment bank logged a 41% dip in year-over-year revenues in July. Goldman Sachs has started wielding the axe at its investment bank. The job cuts are likely to echo across Wall Street, particularly within investment-banking divisions like capital markets and M&A advisory, bankers told me. US lawmakers pressed bank chief executives on reports of fraud on the Zelle payments network. Wall Street is completely delusional about the pain that is coming for the stock market.
☆ A judge says he will be 'forced' to give Rudy Giuliani jail time unless the former mayor pays his ex-wife $225,000 by next month
  + stars: | 2022-09-25 | by ( Isabella Zavarise | ) www.businessinsider.com   time to read: +2 min
A judge ordered Rudy Giuliani to pay his ex-wife more than $225,000 by next month or risk jail. The New York Post reported the former mayor of New York City didn't attend a court hearing on Friday. Giuliani told the outlet he didn't know about the court date: "I have never missed a court date." On Saturday, Giuliani told The Post he didn't know about the court date: "I have never missed a court date. Judith Giuliani filed for divorce in 2018 after 15 years of marriage.
☆ Seeking to avoid another major failure, Putin has become more hands-on with his commanders, refusing their requests to retreat from the last Ukrainian city under Russian control
  + stars: | 2022-09-25 | by ( Taiyler Simone Mitchell | ) www.businessinsider.com   time to read: +2 min
Seeking to save lives and equipment, Russian military commanders asked Russian President Vladimir Putin to retreat from Kherson. Dismissing on-the-ground commanders' pleas for soldiers to retreat, Putin has decided to remain in Kherson, a major Southern city in Ukraine, the last in Russian control, The New York Times reported Saturday. As such, the Russian president has immersed himself further into the strategic planning of the war, countering some of the wishes of Russian forces on the ground. Earlier this month, Ukrainian forces retook most of Kharkiv, forcing Russian troops to flee or attempt to disguise themselves as locals. The move marked a major victory for Ukraine as the numbers of Russian troops are dwindling as their morale fades.
☆ Watch CNBC's full interview with Piper Sandler's Michael Kantrowitz
  + stars: | 2022-09-23 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Piper Sandler's Michael KantrowitzMichael Kantrowitz, Piper Sandler chief investment strategist, joins 'Power Lunch' to discuss the companies he thinks investors should buy, the names to avoid and what will happen to companies with poor earnings reports next year.
☆ Piper Sandler's Kantrowitz likes stocks with Regeneron and General Mills
  + stars: | 2022-09-23 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPiper Sandler's Kantrowitz likes stocks with Regeneron and General MillsMichael Kantrowitz, Piper Sandler chief investment strategist, joins 'Power Lunch' to discuss the companies he thinks investors should buy, the names to avoid and what will happen to companies with poor earnings reports next year.
☆ Pro Picks: Watch all of Friday's big stock calls on CNBC
  + stars: | 2022-09-23 | by ( Christina Falso | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPro Picks: Watch all of Friday's big stock calls on CNBCScott Nations of NationsShares, Tom Forte of D.A. Davidson, Joe Terranova of Virtus Investment Partners, Shannon Saccocia of SVB Private Bank, Michael Kantrowitz of Piper Sandler, and Andrew Slimmon of Morgan Stanley Investment Management on why they are buying, selling, or holding specific stocks and ETFs.
☆ Where to watch Yankees slugger Aaron Judge chase the AL home run record
  + stars: | 2022-09-23 | by ( Frank Pallotta | Cnn Business | ) edition.cnn.com   time to read: +1 min
New York (CNN Business) Slugger Aaron Judge is chasing baseball history. The New York Yankees outfielder is on the brink of hitting the most home runs in American League history as he sits on 60 for the season . The current record is 61, which was set in 1961 by another Yankees outfielder, Roger Maris. (The overall record for a season is 73 by San Francisco Giants star Barry Bonds. That game, which is the second of the doubleheader, could see Cardinals outfielder Albert Pujols hit his 700th home run of his career.
☆ Meet Michael Klausner, the Stanford law professor who is the biggest critic of the SPAC deal craze — and believes its crash was 'completely predictable'
  + stars: | 2022-09-23 | by ( Sindhu Sundar | Stephanie Palazzolo | ) www.businessinsider.com   time to read: +7 min
Many SPAC deals announced last year have been having a hard time closing. Now, the dismal fates of dozens of SPAC deals announced during last year's SPAC frenzy seem to vindicate his analysis. And others this year, like men's grooming brand Manscaped, SeatGeek, the live event ticket search engine, and business news outlet, Forbes, have all scrapped their SPAC deals to go public. Klausner has been paying attention to SPAC deals for a few years. Of the 275 deals announced in 2021, 240 have closed, according to Dealogic data.
☆ Putin's big military mobilization moves won't have any effect on his fight in Ukraine for months, war experts say
  + stars: | 2022-09-22 | by ( Natalie Musumeci | Jake Epstein | ) www.businessinsider.com   time to read: +5 min
Partial military mobilization won't have any effect on the war for months, a think tank said. Putin's order to call up to 300,000 reservist troops to wage war in Ukraine "will not generate significant usable Russian combat power for months," the think tank said. Putin's mobilization order, ISW said, "may suffice to sustain the current levels of Russian military manpower in 2023 by offsetting Russian casualties, although even that is not yet clear." Additionally, Hardie explained, Putin's call for a mobilization of troops "carries serious political risks and was not made lightly." In the wake of Putin's mobilization announcement, many Russians attempted to flee the country while others took to the streets in cities across the country to protest the war.
☆ Staffers say Goldman Sachs CEO David Solomon has asked them to help with his DJ account
  + stars: | 2022-09-22 | by ( Lisa Ryan | ) www.businessinsider.com   time to read: +4 min
David Solomon is working hard to build up David Solomon. On a Friday in late July, the Goldman Sachs CEO boarded the company's Gulfstream G650 for Chicago. And that's the latest in a string of actions showing the intertwining interests of David Solomon the CEO and chairman and the interests of Goldman Sachs itself, my colleague Dakin Campbell reports. Staffers say they've been asked to help with his DJ account and they've noted a new emphasis on sports endorsements. Millennium Management tapped Goldman Sachs alum Olga Naumovich to build out its Miami tech hub.
☆ Putin has been called a 'master procrastinator' but experts say he wanted to avoid mobilizing troops 'at all costs' due to how unpopular it would be in Russia
  + stars: | 2022-09-22 | by ( Kelsey Vlamis | Erin Snodgrass | ) www.businessinsider.com   time to read: +5 min
Experts said Putin wanted to avoid the move, but also wanted to bolster his military. The move could weaken support for Putin's regime as Russians are exposed to the reality of the war. The Russian president has found his forces short on manpower while Ukraine, on the other hand, ordered a full military mobilization within days of the invasion in February. "He's a master procrastinator," Michael Kofman, a military analyst of Russia studies at the Center for Naval Analyses told Puck's Julie Ioffe this week. Experts told Insider it could take weeks or months for Russia's partial mobilization to bear fruit, as the reservists need to be trained, equipped, and deployed.
☆ U.S. rents surge, leaving behind generation of younger workers
  + stars: | 2022-09-21 | by ( Rose Horowitch | ) www.reuters.com   time to read: +6 min
REUTERS/Amr AlfikySept 21 (Reuters) - The cost of renting a home in the United States is surging and young workers have felt the sharpest pain, many of them taking on additional jobs or roommates to afford housing costs. Household rents in 2021 jumped 10% from pre-pandemic levels, according to Census Bureau estimates released last week. The 23-year-old spent a year in an apartment in New York City's Queens borough with a door that wouldn’t lock. Recent college graduate Caleb Seamon, 22, started delivering for Uber Eats alongside his full-time job at a think-tank to afford housing. Even so, Seamon says he only found a New York apartment because one of his roommate's parents acted as guarantors.
☆ Despite Biden's assurances, Middle East militaries are buying their own weapons to take on Iran at sea and in the air
  + stars: | 2022-09-21 | by ( Benjamin Brimelow | ) www.businessinsider.com   time to read: +9 min
Saudi Arabia and the UAE have been investing heavily in new military hardware in order to Iran. The Royal Saudi Air Force's core strength are its 232 F-15 Eagles, at least 84 of which are F-15SA variants designed specifically for Saudi Arabia. A Royal Saudi Air Force F-15 at King Faisal Air Base in Saudi Arabia in February 2021. US and Bahraini officials in front of unmanned naval vessels at at Naval Support Activity Bahrain in Manama in January. US Navy/MCS1 Mark Thomas MahmodIMX 2022 was also the first time Israel and Saudi Arabia, which don't have diplomatic relations, officially took part in an exercise together.
☆ Ralph Lauren Has an Ambitious New Look
  + stars: | 2022-09-20 | by ( Jinjoo Lee | ) www.wsj.com   time to read: +1 min
Ralph Lauren started out as a tie business 55 years ago before it eventually became known for its iconic polo shirt. The brand now wants to keep the spirit of that expansion going, setting its sights on women’s apparel and less penetrated cities such as Atlanta and Houston. At an investor day on Monday, Ralph Lauren set out a target to grow revenue at a compound annual growth rate in the mid- to high-single-digit percentage range over the next three years, a clear upgrade from its 0.15% CAGR over the past four years. It also expects adjusted operating margins to reach 15% in fiscal year 2025, taking that number closer to American luxury brand peers Capri Holdings , which owns Michael Kors and Jimmy Choo, and Coach-owner Tapestry . That margin target doesn’t seem like such a stretch given that it already expects adjusted operating margins to reach 14% to 14.5% in the current fiscal year, an impressive upgrade from a 5.6% margin four years ago.
☆ Cancer victims urge court to end J&J bankruptcy roadblock to lawsuits
  + stars: | 2022-09-20 | by ( Dietrich Knauth | ) www.reuters.com   time to read: +4 min
The Johnson & Johnson logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 29, 2019. But J&J countered bankruptcy court allows all current and future talc lawsuits to be settled together, which it says is the fastest and fairest way. The cancer victims are asking the appeals court to overrule a New Jersey bankruptcy judge who allowed LTL's bankruptcy to continue. LTL's bankruptcy filing automatically stopped lawsuits from proceeding against it, and U.S. Bankruptcy Judge Michael Kaplan in Trenton, New Jersey ruled in February that LTL's bankruptcy should also stop talc lawsuits from proceeding against parent company J&J. In refusing to dismiss the case, Kaplan said the bankruptcy court is better equipped to handle mass tort litigation than other courts.
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☆ 'Reboot' review: Keegan-Michael Key and Judy Greer star in Hulu's comedy about the revival of a comedy from producer Steve Levitan
  + stars: | 2022-09-20 | by ( Review Brian Lowry | ) edition.cnn.com   time to read: +3 min
CNN —The meta aspects of a Hulu comedy about the making of a Hulu comedy quickly pile up in “Reboot,” a fictional show about reviving a series from the early 2000s, reuniting the cast and crew with all their insecurities and old grudges. Created by “Modern Family’s” Steve Levitan, it’s a breezy and very-inside look at Hollywood, with a few too many rim shots but still a fair amount of laughs. She has her reasons, and finds the cast perhaps not surprisingly eager to reprise their roles, mostly for those sweet paychecks. Then again, that’s part of the latitude that streaming allows, and other elements, like the inter-generational conflict, prove frequently funny, and occasionally a little bit sweet. In 25 or 30 years, there might even be a “Reboot” reboot.
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